Sealand Capital schedules meetings for warrant holder vote

Published 25/04/2025, 16:14
Sealand Capital schedules meetings for warrant holder vote

LONDON - Sealand Capital Galaxy Limited (LSE:SCGL), a company listed on the London Stock Exchange (LON:LSEG), has announced the convening of general meetings for holders of two sets of equity warrant instruments. The meetings are set to take place on April 30, 2025, at Birchin Court in London, with the aim of seeking approval to extend the exercise period for these financial instruments.

The instruments in question include Equity Warrant Instrument Exercise Price £0.0025 dated January 10, 2025 (Instrument A), and Equity Warrant Instrument Exercise Price £0.004 (Instrument B). The proposed variation would extend the exercise period to the date falling three years after the publication of the FCA-approved prospectus or upon a Change of Control, whichever comes first.

Notices and explanatory circulars detailing the resolutions to be proposed have been dispatched to all registered holders of Instrument A and B. These documents will also be made available on the company’s website for public viewing.

The decision to hold the meetings on short notice is based on obtaining the necessary consent from the requisite number of warrant holders, as stipulated by the terms of the respective instruments.

The announcement is considered to contain inside information under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law following the European Union (Withdrawal) Act 2018.

This move by Sealand Capital Galaxy Limited reflects standard corporate governance practice, allowing warrant holders to participate in decisions that affect the terms of their investments. The outcome of these meetings will be closely watched by investors and market analysts, as changes to the exercise terms can impact the valuation and attractiveness of the warrants.

The information provided in this article is based on a press release statement from Sealand Capital Galaxy Limited.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.